XML 31 R79.htm IDEA: XBRL DOCUMENT v2.4.1.9
Long-term Debt Narrative (Details)
3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended
Jun. 30, 2013
USD ($)
Jun. 30, 2012
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Dec. 31, 2012
USD ($)
Sep. 30, 2013
Chilean Bank Loan
USD ($)
Dec. 31, 2014
Chilean Bank Loan
payments
Dec. 31, 2014
Brazilian term credit facility maturing 2017
USD ($)
payments
Dec. 31, 2013
Brazilian term credit facility maturing 2017
USD ($)
Dec. 31, 2014
Senior notes payable 2014 through 2019
USD ($)
Dec. 31, 2013
Senior notes payable 2014 through 2019
USD ($)
Dec. 31, 2014
Non recourse notes payable 2018
USD ($)
Dec. 31, 2013
Non recourse notes payable 2018
USD ($)
Dec. 31, 2014
Senior unsecured notes maturing 2020
USD ($)
Dec. 31, 2013
Senior unsecured notes maturing 2020
USD ($)
Dec. 31, 2014
Chilean term credit facility maturing 2019
USD ($)
Dec. 31, 2013
Chilean term credit facility maturing 2019
USD ($)
Dec. 31, 2014
Chilean term credit facility maturing 2019
CLP
Dec. 31, 2014
Chilean term credit facility maturing 2019
Financial Statement Line Items with Differences in Reported Amount and Reporting Currency Denominated Amounts [Domain]
Dec. 31, 2013
Chilean term credit facility maturing 2019
Financial Statement Line Items with Differences in Reported Amount and Reporting Currency Denominated Amounts [Domain]
Dec. 31, 2014
Senior Notes 2018
USD ($)
Dec. 31, 2013
Senior Notes 2018
USD ($)
Dec. 31, 2014
Base Rate
Dec. 31, 2014
Base Rate
Maximum
Dec. 31, 2014
Base Rate
Minimum
Dec. 31, 2014
London Interbank Offered Rate (LIBOR)
Dec. 31, 2014
London Interbank Offered Rate (LIBOR)
Maximum
Dec. 31, 2014
London Interbank Offered Rate (LIBOR)
Minimum
Dec. 31, 2014
Other Commitments [Domain]
Maximum
Dec. 31, 2014
Other Commitments [Domain]
Minimum
Dec. 31, 2014
Minimum unrestricted cash and cash equivalents after Ainsworth acquisition
Debt Instrument [Line Items]                                                              
Foreign Currency Disclosure [Text Block]                               2.1 2.8   -.8 -.3                      
Fair value of debt                   $ 23,000,000us-gaap_NotesPayableFairValueDisclosure
/ us-gaap_LongtermDebtTypeAxis
= lpx_SeniorNotesPayable2013Thru2018Member
$ 23,000,000us-gaap_NotesPayableFairValueDisclosure
/ us-gaap_LongtermDebtTypeAxis
= lpx_SeniorNotesPayable2013Thru2018Member
    $ 371,000,000us-gaap_NotesPayableFairValueDisclosure
/ us-gaap_LongtermDebtTypeAxis
= lpx_SeniorSecuredNotesMaturing2017Member
$ 390,000,000us-gaap_NotesPayableFairValueDisclosure
/ us-gaap_LongtermDebtTypeAxis
= lpx_SeniorSecuredNotesMaturing2017Member
                               
Amount of loan issuance                   348,600,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_LongtermDebtTypeAxis
= lpx_SeniorNotesPayable2013Thru2018Member
  368,700,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_LongtermDebtTypeAxis
= lpx_NonRecourseNotesPayable2018Member
      39,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_LongtermDebtTypeAxis
= lpx_ChilianTermCreditFacilityMaturing2019Member
  943,543.7391us-gaap_DebtInstrumentFaceAmount
/ us-gaap_LongtermDebtTypeAxis
= lpx_ChilianTermCreditFacilityMaturing2019Member
                         
Notes payable               6,000,000us-gaap_NotesPayable
/ us-gaap_LongtermDebtTypeAxis
= lpx_BrazilianTermCreditFacilityMaturing2017Member
8,000,000us-gaap_NotesPayable
/ us-gaap_LongtermDebtTypeAxis
= lpx_BrazilianTermCreditFacilityMaturing2017Member
22,000,000us-gaap_NotesPayable
/ us-gaap_LongtermDebtTypeAxis
= lpx_SeniorNotesPayable2013Thru2018Member
22,000,000us-gaap_NotesPayable
/ us-gaap_LongtermDebtTypeAxis
= lpx_SeniorNotesPayable2013Thru2018Member
368,700,000us-gaap_NotesPayable
/ us-gaap_LongtermDebtTypeAxis
= lpx_NonRecourseNotesPayable2018Member
368,700,000us-gaap_NotesPayable
/ us-gaap_LongtermDebtTypeAxis
= lpx_NonRecourseNotesPayable2018Member
    14,400,000us-gaap_NotesPayable
/ us-gaap_LongtermDebtTypeAxis
= lpx_ChilianTermCreditFacilityMaturing2019Member
15,700,000us-gaap_NotesPayable
/ us-gaap_LongtermDebtTypeAxis
= lpx_ChilianTermCreditFacilityMaturing2019Member
                           
Notes Receivable       432,200,000us-gaap_NotesReceivableNet                                 410,000,000us-gaap_NotesReceivableNet
/ us-gaap_AccountsNotesLoansAndFinancingReceivablesByLegalEntityOfCounterpartyTypeAxis
= lpx_SeniorNotes2018Member
410,000,000us-gaap_NotesReceivableNet
/ us-gaap_AccountsNotesLoansAndFinancingReceivablesByLegalEntityOfCounterpartyTypeAxis
= lpx_SeniorNotes2018Member
                 
2019 and after     350,000,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive                                                        
Notes receivable used as collateral on loan                   22,200,000us-gaap_DebtInstrumentCollateralAmount
/ us-gaap_LongtermDebtTypeAxis
= lpx_SeniorNotesPayable2013Thru2018Member
                                         
Amount of indebtedness liable for in event of default of notes receivable collateral                   10.00%lpx_AmountOfIndebtednessLiableForInEventOfDefaultOfNotesReceivableCollateral
/ us-gaap_LongtermDebtTypeAxis
= lpx_SeniorNotesPayable2013Thru2018Member
  10.00%lpx_AmountOfIndebtednessLiableForInEventOfDefaultOfNotesReceivableCollateral
/ us-gaap_LongtermDebtTypeAxis
= lpx_NonRecourseNotesPayable2018Member
                                     
Debt, interest rate, stated percentage               6.65%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= lpx_BrazilianTermCreditFacilityMaturing2017Member
      0.20%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= lpx_NonRecourseNotesPayable2018Member
      3.90%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= lpx_ChilianTermCreditFacilityMaturing2019Member
                             
Required debt to equity ratio maximum     1lpx_RequiredDebtToEquityRatioMaximum                                                        
Long-term debt     761,900,000us-gaap_LongTermDebt 765,000,000us-gaap_LongTermDebt                                                      
Loss on early debt extinguishment   (52,200,000)us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt (2,300,000)us-gaap_GainsLossesOnExtinguishmentOfDebt (52,200,000)us-gaap_GainsLossesOnExtinguishmentOfDebt                                                    
Line of credit facility, interest rate description                                             .005 .025 .0075 .01 .035 .0175 .00625 .003  
Capitalization Ratio, Maximum     40.00%lpx_CapitalizationRatioMaximum                                                        
Debt instrument, covenant description                                                             200
Ratio of indebtedness to net capital     2.5us-gaap_RatioOfIndebtednessToNetCapital1                                                        
Required EBITDA to financial costs minimum     3lpx_RequiredEbitdaToFinancialCostsMinimum                                                        
Number of future semi-annual payments             16lpx_DebtInstrumentNumberOfPeriodicSemiAnnualPayments
/ us-gaap_LongtermDebtTypeAxis
= lpx_ChileanBankLoanMember
10lpx_DebtInstrumentNumberOfPeriodicSemiAnnualPayments
/ us-gaap_LongtermDebtTypeAxis
= lpx_BrazilianTermCreditFacilityMaturing2017Member
                                             
Debt instrument, periodic payment, principal               2,000,000us-gaap_DebtInstrumentPeriodicPaymentPrincipal
/ us-gaap_LongtermDebtTypeAxis
= lpx_BrazilianTermCreditFacilityMaturing2017Member
              21,000,000us-gaap_DebtInstrumentPeriodicPaymentPrincipal
/ us-gaap_LongtermDebtTypeAxis
= lpx_ChilianTermCreditFacilityMaturing2019Member
                             
Debt, weighted average interest rate     3.90%us-gaap_DebtWeightedAverageInterestRate                                                        
Interest paid, net     30,800,000us-gaap_InterestPaidNet 35,000,000us-gaap_InterestPaidNet 50,100,000us-gaap_InterestPaidNet                                                    
Repayment of long term debt $ 2,600,000us-gaap_RepaymentsOfLongTermDebt   $ 2,300,000us-gaap_RepaymentsOfLongTermDebt $ 113,200,000us-gaap_RepaymentsOfLongTermDebt $ 253,100,000us-gaap_RepaymentsOfLongTermDebt $ 18,400,000us-gaap_RepaymentsOfLongTermDebt
/ us-gaap_LongtermDebtTypeAxis
= lpx_ChileanBankLoanMember